February 17, 2009
The Joint Venture Silicon Valley Network has released its annual publication on Silicon Valley which tracks trends in the region’s economy and community. The report discusses trends in regional investment, job growth, diversity, real estate, and government. It is a good resource for those inside and outside of Silicon Valley to see where the region is headed.
One of the most interesting items noted in the report is broadband internet access. According to the report,
Only six percent of households have access to very high-speed broadband internet services exceeding 10 Mbps while all other
California metro areas have far greater access: Los Angeles (95%), San Diego (91%), Inland Empire (78%), and Sacramento (52%).
That is pretty amazing statistic given Silicon Valley’s importance to the development of the technologies behind broadband internet itself.
The report also notes a positive 22,000 net migration for Silicon Valley between 2007-2008. I suspect those numbers will change dramatically between 2009-2010 as company’s institute layoffs and many H1-B visa holders will return to their home countries in much the same way that occurred during the early part of the decade.
No surprise also is the regions continuing evolution towards a green economy. The region is playing a significant role in the development of green and clean technologies. The amount of investment and patents issued in this area to local companies are additional signs that Silicon Valley is working once again to adapt to economic changes and work its way to the top in this field.
- 2010 Silicon Valley Index Released
- National Venture Capital Association Issues Bleak Report; State of “Crisis”
- California and Silicon Valley Unemployment Rate Numbers
- Silicon Valley Rent, Vacancy, and Unemployment
- The Crisis in Venture Capital Continues